Funding for small businesses in Yonkers
Hawthorne-based Community Capital Resources and the city of Yonkers have established a loan pool for startups and existing small businesses in the city.
Microloans ranging from $1,000 to $25,000 are available to eligible small businesses.
Late last year, Community Capital Resources received $1.2 million through the state”™s Small Business Revolving Loan Fund. The money came with the stipulation that every state dollar community financial institutions like CCR lend must then be matched by non-state funding sources like the city of Yonkers.
There also are small-business loans ranging from $25,001 to $250,000 for businesses that have been in operation for two years or more.
The city of Yonkers is holding a series of loan workshops; for information call 377-6619.
Bank of America expands in Yonkers
Bank of America has opened a 4,500-square-foot branch at 851 Kimball Ave. in Yonkers.
“Our new Yonkers location expands our presence in the city to five banking centers, all of which feature the same level of exceptional service that customers have come to expect,” said Jeff Barker, metro New York region executive, consumer and small-business banking, in a statement.
The bank presented a $20,000 check to Food Bank for Westchester at a recent grand opening celebration at the branch.
People”™s United opens in Bronxville
Bridgeport, Conn.-based People”™s United Bank is scheduled to open its sixth Westchester branch in Bronxville next month.
Stephanie Weston, formerly of Bank of New York/Mellon, will be the branch manager of the 111 Kraft Ave. location.
The first People”™s United Westchester branch opened in Scarsdale in 2007, followed by branches in Mount Kisco, White Plains, Thornwood and Mamaroneck.
People”™s United Bank is a subsidiary of People”™s United Financial Inc., a financial services company with $25 billion in assets.
County”™s finance department honored
Westchester County”™s Department of Finance received for the third consecutive year a Certificate of Achievement in Financial Reporting by the Government Finance Officers Association of the U.S. and Canada.
The department was commended for financial disclosure, accounting and fiscal reporting.
Ann Marie Berg is finance commissioner for Westchester County.
Banks lend financial support
A number of banks and financial institutions are providing financial support to victims of the Japanese earthquake and to fight poverty.
New York Community Bancorp Inc., the parent company of New York Community Bank and New York Commercial Bank, will match funds collected for Salvation Army earthquake relief efforts at its more than 270 branches for combined contributions of up to $150,000.
Barclays, a global retail and commercial finance company, is providing access to basic financial services in 11 countries in Africa, Asia and South America.
In collaboration with humanitarian groups CARE International and Plan International, Barclays will serve 60,000 low-income customers in areas not typically served by banks.
The PepsiCo Foundation is supplying $5 million in grant money to the Inter-American Development Bank”™s AquaFund to provide access to clean water and sanitation to 500,000 people in Latin America by the end of 2015.
In 2008, the foundation made a $4.1 million donation to Water.org to help provide safe water and sanitation processes to people in India.
